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AiFi, an AI platform that enables retailers to deploy and scale autonomous shopping solutions, announced a $65 million Series B funding round with participation from Aldi South Group, Żabka Group, Rewe, Verizon Ventures and Qualcomm Ventures LLC, among others.
This round, which brings AiFi’s total funding to $80 million, will primarily be used to expand the company’s technical team to cater to the demand for AiFi’s solution.
The camera-only solution does not require weighted shelves, which reduces the deployment cost and time. AiFi leverages advanced tracking algorithms that can scale up to 10,000 square feet to support various shopper journeys such as an app, credit card, gated or hybrid entry.